Market Analysis
The Grayscale Bitcoin Trust continues to trade at a discount compared to BTC, a situation that presents a unique challenge to Grayscale and investors.
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GBTC News
GBTC is the stock ticker of the Bitcoin Investment Trust (BIT) company, which has become the first public Bitcoin fund. GBTC's price directly depends on the increase in demand for GBTC, which — for its part — might be affected by BTC's price. That actually happened when BIT was launched and the BTC price increased 20 percent. The first official announcement about the appearance of BIT was made in 2015. Fund BIT was founded in 2013 by founder and CEO of Digital Currency Group, Barry Silbert. BIT has become the first fund that trades Bitcoin in a public exchange and has obtained the necessary agreements from regulatory organs and received the official Bitcoin Investment Trust GBTC ticker. GBTC of Bitcoin Investment Trust is an important step on the way to the massive acceptance of cryptocurrency.
- News
Digital Currency Group has purchased a total of $194 million worth of GBTC shares so far.
15807 - Market Analysis
Both Bitcoin's daily volume and the amount held by large addresses roughly match 10% of gold's.
39441 - Markets News
Demand for Bitcoin remains solid and is fuelling a "supply shock" that shows no sign of abating, even at $50,000 and higher.
27704 - Markets News
Competition among institutional Bitcoin services continues to heat up as fees are slashed in time for a fresh herd of investors entering.
17078 - Markets News
History repeating itself have the potential to spark a 2-4X BTC price run, data covering the GBTC premium suggests.
46730 - Market Update
Bitcoin bulls are looking to eliminate a key overhead resistance level in order to create a path to $55,000.
24759 - Market Analysis
Grayscale Investments’ GBTC might be the absolute market leader but it is currently trading below fair value as the TSX Purpose Bitcoin ETF is seeing record inflows.
50008 - Market Update
Growing concerns over rising U.S. Treasury yields are putting pressure on global financial markets and possibly dragging cryptocurrency prices lower.
48655 - Market Update
The largest cryptocurrency nears $53,000 on Friday in the latest bullish surge as $50,000 holds as support.
24460 - News
Research from Tyr Capital Arbitrage SP refutes JPMorgan’s claim that a Bitcoin ETF holds negative connotations for BTC's price.
11636 - Markets News
A release of funds from lock-up traditionally heralds the start of price upside and ends consolidatory phases, data shows.
60703 - News
The institutional investment manager holds 30,454 shares of Grayscale’s GBTC, according to a new SEC filing. And no, the firm is not part of the Rothschild family dynasty.
13726 - News
Another way to buy Bitcoin in stock form has surfaced.
61195 - News
Trading sideways for a while could be healthy for Bitcoin.
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